SanDisk 2006 Annual Report Download - page 147

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Condensed Consolidating Statements of Operations
For the year ended December 31, 2006
Parent
Company
Subsidiary
Issuer
Other
Guarantor
Subsidiary
Combined
Non-Guarantor
Subsidiaries
Consolidating
Adjustments
Total
Company
(In thousands)
Total revenues ............ $2,101,601 $— $ 89,411 $4,165,416 $(3,098,903) $3,257,525
Total cost of revenues....... 1,280,102 — 84,763 3,664,513 (3,011,326) 2,018,052
Gross profits ............. 821,499 — 4,648 500,903 (87,577) 1,239,473
Total operating expenses..... 467,259 — 212,735 324,587 (91,442) 913,139
Operating income .......... 354,240 — (208,087) 176,316 3,865 326,334
Total other income
(expense) . ............. 96,415 5 1,663 44,925 (40,253) 102,755
Income (loss) before taxes . . . 450,655 5 (206,424) 221,241 (36,388) 429,089
Provision (benefit) for income
taxes ................. 229,376 — (1,485) 2,302 — 230,193
Equity in net income of
consolidated subsidiaries . . . 207,438 — 528 26,077 (234,043) —
Net income (loss) .......... $ 428,717 $ 5 $(204,411) $ 245,016 $ (270,431) $ 198,896
F-48
Notes to Consolidated Financial Statements — (Continued)